Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Should You Sell?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $30.68, but opened at $29.62. Direxion Daily PLTR Bull 2X Shares shares last traded at $32.69, with a volume of 2,420,304 shares traded.

Direxion Daily PLTR Bull 2X Shares Stock Up 6.0%

The business has a 50 day moving average price of $34.99 and a 200 day moving average price of $47.73.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of PLTU. Simplex Trading LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at approximately $58,000. Wealth Watch Advisors INC bought a new stake in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth approximately $111,000. Hoey Investments Inc. raised its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after buying an additional 1,810 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $205,000. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 52.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock valued at $511,000 after buying an additional 2,380 shares during the period.

About Direxion Daily PLTR Bull 2X Shares

The Direxion Daily PLTR Bull 2X Shares (PLTU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTU was launched on Dec 11, 2024 and is issued by Direxion.